London, 22 March 2017. Scalable Capital is proud to announce that its Founder & CEO Adam French has been named as one of the 2017 PAM Top 40 Under 40. The awards recognise the rising stars of the private client wealth management world in the UK and are highly regarded among the private client sector.
After seven years at Goldman Sachs, Adam co-founded digital investment manager Scalable Capital with some of his colleagues. Their mission was to make investment management more accessible to retail investors by using technology. Just a year since launch, Scalable Capital is the fastest-growing digital wealth manager in Europe. Its technology-driven and cost-efficient service has really struck a chord with those retail investors who want to make their money work harder but lack the time or expertise to manage their own portfolio, or are frustrated by the high costs of traditional solutions.
On being named a Top 40 Under 40, Adam said: “I feel honoured to have been named in the PAM awards with other such inspirational people. Our mission at Scalable Capital is to constantly push innovation within financial services, and it’s great that the industry recognises our efforts to create a new approach to investing - not just cheaper, but better.”
Prior to founding Scalable Capital, Adam French spent seven years based in London, working in financial services for Goldman Sachs. As Executive Director of Commodities Trading, he was responsible for the commodity structured products franchise including risk management and developing client solutions. Before this, he worked in Derivatives Trading where he was responsible for electronic trading for private clients in fixed income, currency and commodity products. Adam studied Business Mathematics and Statistics at the London School of Economics.
About Scalable Capital
Only a year since launch, Scalable Capital is the fastest-growing digital wealth manager in Europe. It has already attracted 5,000 clients for whom it manages over €175 million assets under management. It is growing by more than €1million a day and operates in three countries (Germany, UK and Austria).
By using technology at the heart of its service, Scalable Capital has fundamentally changed investing for the better. It combines a data-driven investment process, low fees and exemplary client service to deliver three key client outcomes:
A better understanding of risk. Its technology allows the company to drop vague risk labels like “balanced” or “conservative”. Instead it provides clients with a percentage which quantifies the potential downside in a bad year. No more guessing.
Better risk-adjusted returns. It aims to generate better return for every unit of risk taken and focuses on downside risk. Investors don’t get rewarded for exposure to the excess risk associated with more volatile markets. The dynamic risk management used by Scalable Capital smoothes returns during these periods of extreme volatility.
Less emotional stress. By keeping risk stable in all market conditions, Scalable Capital helps clients stay invested in capital markets for longer so they can grow their wealth in the long term.
Built by a team of 50 experts spanning finance, technology and academia, Scalable Capital has created a service which makes investment management cheaper, more accessible and more convenient. It does this by using technology every step of the way. As CNBC recently summarised: “Online investing made better, not just cheaper”.